Joy Global, Inc.

  • Mining, Farming and Construction Profits: Heavy Machinery

    By patricio kehoe - August 16, 2013 | Tickers: AGCO, JOY, KMTUY

    When an economy struggles to grow steadily, investments focused on capital become scarce. Mining, farming and construction are three industries that require heavy capital investment and have suffered greatly through the recession. Fortunately, with new economic winds in the USA, companies like Joy Global (NYSE: JOY), Komatsu (NASDAQOTH: KMTUY), and AGCO (NYSE: AGCO) have begun to show improvement.

    Asian innovation

    The world’s second largest construction company, Komatsu, based in more »

  • A Mining Name to Buy Despite Weak Mining Environment

    By Zain Abbas - August 6, 2013 | Tickers: CAT, JOY, TEX

    The recently held “Diversified Industrial Conference” brought with it different investing themes across the industrial sector. A whole day was dedicated to machinery players. Some focused on headwinds in Europe, while others cautioned on a strengthening dollar and its impact on their exports. Various point of views were heard from players of the same league. However, there was definitely a common theme found across the sector: a warning on the more »

  • Caterpillar's Earnings Say More Than You Think

    By Hunter Orr - August 6, 2013 | Tickers: CAT, DE, JOY

    Caterpillar (NYSE: CAT) posted earnings Wednesday July 24 and fell short of Wall Street’s expectations. The earnings statement along with the conference call were filled with cautious statements by management and pessimistic questions from analysts. Top line sales came in about 3% shy of what investors were looking for, and management guided down estimates for the full-year.

    The real story isn’t what happened, that’s old news. The more »

  • Caterpillar: Buy Now or Wait Until Chinese Macro Fears Subside?

    By Jason Bond - July 31, 2013 | Tickers: CAT, DE, JOY

    Caterpillar's (NYSE: CAT) stock has been a roller coaster ride. It rallied from the low $20's in the depth of the financial crisis to a high of $116. With China slowing, the stock has since retraced back to the $80's and is down 7% year to date. Should investors buy now or wait until the Chinese economy recovers?

    Fundamentals

    Caterpillar manufactures and sells construction and mining equipment more »

  • Caterpillar Is Going Down, But It's Not Alone

    By Ash Sharma - July 30, 2013 | Tickers: CAT, JOY, TEX

    A few days back, at the CNBC/Institutional Investor Delivering Alpha conference, legendary short seller Jim Chanos said that shorting Caterpillar (NYSE: CAT) was his best investment idea of 2013. His short thesis was based on the fact that the company is facing “commodities super-cycle headwinds.”

    Caterpillar's recent results proved that Jim Chanos was right. The company lowered its global growth outlook. Sales declined across all equipment segments with more »

  • Is Jim Chanos Right to Short Caterpillar?

    By Bob Ciura - July 25, 2013 | Tickers: CAT, DE, JOY

    When a world-famous investor known for successfully short-selling stocks takes aim at a Dow Jones Industrial Average component, the market takes notice. That’s exactly what happened when Jim Chanos, founder of Kynikos Associates, announced he was short heavy machinery maker Caterpillar (NYSE: CAT).

    Chanos must be smiling in the wake of Caterpillar’s results, which were overwhelmingly disappointing. As a result, should investors follow the noted short-seller and rush more »

  • Caterpillar Is Not a Lost Cause

    By Awais Malik - July 24, 2013 | Tickers: CAT, JOY, KMTUY

    Caterpillar (NYSE: CAT) is down 4.42% on its price since the start of this year due to a 51% decline in sales, with sales in China down by 47% year-over-year. As Jim Chanos recently issued warnings about Caterpillar’s drop in earnings as it invests in mining in the U.S for the future, I dug a little deeper. On July 24, the company is rolling out its second more »

  • Should We Avoid Caterpillar Now?

    By Anh HOANG - July 22, 2013 | Tickers: CAT, DE, JOY

    Jim Chanos, one of the world’s most well-known short sellers, has chosen a new target for his short position. It is Caterpillar (NYSE: CAT), the largest maker of construction and mining equipment in the world. Right after the news, Caterpillar dropped more than 2% to below $86 per share.

    Should we listen to Jim Chanos and avoid Caterpillar now? Or is Caterpillar still a good long-term investment opportunity? Let more »

  • Is This Mining Equipment Company a Good Buy Now?

    By Anh HOANG - July 15, 2013 | Tickers: CAT, DE, JOY

    Joy Global (NYSE: JOY) has not had a good time of late. Since the beginning of the year, while the market has advanced significantly, Joy Global has experienced a painful drop of more than 23%. At the end of June, Zacks Investment Research also downgraded the company to Zacks Rank #5 (Strong Sell). The downgrade was due to the sluggish second-quarter results and lower guidance.

    However, Tweedy Browne, Joel Greenblatt more »

  • Is Deere Worth Having in Your Portfolio?

    By Lior Cohen - July 10, 2013 | Tickers: CAT, DE, JOY

    The poor performance of Deere’s (NYSE: DE) stock in recent months may have steered investors away. Nonetheless, big investors such as Berkshire Hathaway still believe in this company, as Buffett and company still hold more than $322 million worth of Deere shares. Is this company still a viable investment? Is Deere’s stock underpriced?

    Revenues continue to rise

    Even though many heavy equipment companies are struggling to reach growth more »

  • There Is Little Joy in Global

    By Red Chip - July 9, 2013 | Tickers: CAT, DE, JOY

    Current economic conditions are affecting the mining industry.

    Economic problems in the Eurozone and the sluggish economic recovery in China has impacted the growth of the global commodity demand. Due to these factors Joy Global (NYSE: JOY)  has decreased its sales and earnings estimates for the fiscal year 2013. Since second quarter results were announced, the price of its stock has been continuously decreasing.

    Joy Global is one of the more »

  • Can Machinery Companies Grow Your Wealth?

    By Chris Hodge - July 8, 2013 | Tickers: CMCO, JOY, LNN

    The idea of farm and mining equipment is that there's a conservative and earthy charm to it all. You probably won't lose much considering that this kind of equipment is used to produce what our society needs at its most basic levels. However, that doesn't say anything about whether there is any kind of growth going on here. So do these machinery companies have what it takes more »

  • Avoid This Mega Giant

    By Red Chip - July 4, 2013 | Tickers: CAT, JOY, KMTUY

    Caterpillar Inc. (NYSE: CAT) is an American corporation that designs, manufactures and sells construction and mining equipment, natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. The economic and mining slowdown has had a negative effect on Caterpillar’s growth and has hit it’s profit due to which it reported a significant decline in its first quarter profits. 

    Fundamental Analysis

    CAT reported a revenue of $13.21 billion more »

  • CAT on a Hot Tin Roof

    By Howard Rothman - June 26, 2013 | Tickers: CAT, JOY, KMTUY

    Much like Maggie in Tennessee Williams’ classic stage play, Caterpillar (NYSE: CAT) has been trying to keep its footing on a foundation that's become increasingly precarious. As the company heads into earnings season, investors are accordingly more skeptical of its ability to remain upright than at any other time in its history.

    Before second-quarter results are announced July 24, a SWOT analysis — examining the company's strengths, weaknesses, opportunities more »

  • Is Caterpillar Smoke and Mirrors?

    By Dan Moskowitz - June 19, 2013 | Tickers: CAT, DE, JOY

    Caterpillar (NYSE: CAT) has been a winning investment for the better part of several decades, but this construction and mining equipment giant has also had some difficult stretches. Since Caterpillar manufactures and sells construction and mining equipment, it’s highly sensitive to global economic conditions. The stock tends to perform well when global demand is strong -- and poorly when global demand is weak. Global demand leaves a lot to be more »

  • Should You Buy Caterpillar?

    By Bob Ciura - June 11, 2013 | Tickers: CAT, DE, JOY

    The global economy continues its gradual, albeit painfully slow, recovery from the financial crisis. In particular, the housing market in the United States looks to be in the beginning stages of a clear recovery after its huge collapse during the depths of the Great Recession. Moreover, global economic development continues to show resilience, particularly in the emerging markets.

    Given these industry tailwinds, and adding in the fact that the market more »

  • Long-Term Growth Makes Caterpillar a Smart Buy

    By Sarah Richard - June 11, 2013 | Tickers: CAT, DE, ITW, JOY

    The worldwide economic recovery appears to be encouraging; particularly, a couple of select sectors are demonstrating optimistic signs in fiscal year 2013. The industrial goods sector is one that is likely to entice investors as the worldwide economic recovery picks up. A stronger economy should help the industry to increase profits through improvements in sales volumes rather than expense cutting.

    In this bright scenario, Caterpillar (NYSE: CAT) remains one of more »

  • Can These Heavy-Equipment Stocks Power Your Portfolio?

    By Chris Hodge - June 10, 2013 | Tickers: DE, JOY, LNN

    Heavy equipment has experienced a rough patch over the past few years. With construction down in the developing world due to the recession, the developed world's infrastructure being mature and not needing much work and mineral resources becoming increasingly difficult to tap, the demand for heavy machinery has waned somewhat. However, long-term contracts tend to make demand among major clients more stable than the fickleness of the ordinary consumer more »

  • Betting on Coal and Cranes Is Safer This Year

    By Ranu Devi - June 7, 2013 | Tickers: JOY, LNN, MTW

    The global economy is slowly recovering. As machinery and equipment are a significant part of any industry, a recovering economy leads to industrial expansion, which eventually leads to higher sales for machinery equipment. I have analyzed three machinery companies: Joy Global (NYSE: JOY), Lindsay (NYSE: LNN) and Manitowoc (NYSE: MTW). Let’s find out whether these stocks are worthy of long-term growth or not.

    Return of coal

    The rising demand more »

  • Construction and Mining: The China Connection

    By Nauman Aly - May 23, 2013 | Tickers: BHP, CAT, JOY, RIO

    When it comes to deciding if construction and mining equipment companies are good plays, the key is to keep an eye on economic conditions in China. Like it or not, China is going to become the hotspot of economic activity in the future as it continues on its path of rapid development. The industry leaders are Caterpillar (NYSE: CAT) and Joy Global (NYSE: JOY). Based on economic data coming out more »

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